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Published Date: 2015-09-28Number of Pages: 155

Coating Resins (Acrylics, Alkyds, Epoxies, Unsaturated Polyesters, Urethanes, and Others) Market by Technology (Solventborne, Waterborne, High Solids/Radiation Cured, Powder and Others) for Building & Construction, Automotive, Marine, Electronics, Furniture, and Other End-users - Asia Pacific Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

Coating resins are primary polymer compounds used in producing different types of coatings. Coating resins are advanced materials exclusively used in various end-user industries such as building & construction, automotive, marine, electronics, and furniture. Building & construction was the largest end-user segment of the coating resins market in Asia Pacific in 2014. However, marine is likely to be the fastest growing segment of the coating resins market in the region by the end of 2023. Acrylics was the largest product segment in the coating resins market in Asia Pacific in 2014. The threat of substitutes in the technology segment is expected to be high in the coating resins market in Asia Pacific due to increasing use of waterborne and powder technologies over solventborne.

The report estimates and forecasts the coating resins market on regional and country levels. The study provides forecast from 2015 to 2023 based on volume (Kilo Tons) and revenue (US$ Mn). 

The study offers a comprehensive view of the coating resins market by dividing it into product six segments: acrylics, alkyds, epoxies, unsaturated polyesters, urethanes, and others. Furthermore, the coating resins market has been segmented on the basis of technology into solventborne, waterborne, high solids/radiation cured, powder, and others. In terms of end-user, the coating resins market in Asia Pacific has been segmented into building & construction, automotive, marine, electronics, furniture, and others. Technology, product and end-user segments have been analyzed based on historic, present, and future trends. The market has been estimated from 2015 to 2023 in terms of volume (Kilo Tons) and revenue (US$ Mn). Regional segmentation includes the current and future demand for coating resins in Asia Pacific. Additionally, the report includes country-level analysis in terms of volume and revenue for the product, technology, and end-user segments. Key countries such as China, India, Indonesia, Malaysia, Singapore, Thailand, Vietnam, and Rest of Asia Pacific are included in the study. Market segmentation includes demand for individual products, technology, and end-users in all the countries in Asia Pacific.

The report comprises a comprehensive value chain analysis, which provides a broad view of the market. It also provides detailed information about value addition at each stage of the value chain. The report covers drivers and restraints of the coating resins market along with their impact on demand during the forecast period. It also includes opportunities in the coating resins market at the regional level.

The report includes Porter’s Five Forces model to gauge the degree of competition in the coating resins market in Asia Pacific. The report encompasses a qualitative write-up on market attractiveness analysis, wherein applications have been analyzed based on attractiveness. Growth rate, market size, raw material availability, profit margin, impact strength, technology, competition, and other factors (such as environmental and legal) have been evaluated to derive general attractiveness of the market. The report includes price trend analysis of raw materials (maleic anhydride, methyl methacrylate, ethylene glycol, and bisphenol A) and coating resins from 2014 to 2023.

Secondary research sources that were typically referred to include, but were not limited to, company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings. Other sources such as internal and external proprietary databases, statistical databases and market reports, news articles, national government documents, and webcasts specific to companies operating in the market have also been referred for the report.

In-depth interviews and discussions with a wide range of key opinion leaders and industry participants were conducted to compile this research report. Primary research represents bulk of the research efforts, supplemented by an extensive secondary research. Key players’ product literature, annual reports, press releases, and relevant documents were reviewed for competitive analysis and market understanding. This helped in validating and reinforcing our secondary research findings. Primary research further helped in developing the analysis team’s expertise and market understanding.

The report covers a detailed competitive outlook that includes market share and profiles of key players operating in Asia Pacific. Key players profiled in the report include Allnex Belgium SA/NV, Royal DSM N.V., Nuplex Industries Ltd., DIC Corporation, BASF SE, Evonik Industries, Arkema S.A., and Eternal Resin Co. Ltd. Company profiles include attributes such as company overview, number of employees, brand overview, key competitors, business overview, business strategies, recent/key developments, acquisitions, and financial overview.

The coating resins market in Asia Pacific has been segmented as follows:

  • Coating Resins Market - Asia Pacific Product Segment Analysis
    • Acrylics
    • Alkyds
    • Epoxies
    • Unsaturated polyesters
    • Urethanes
    • Others (Including amino coating resins, etc.)
  • Coating Resins Market – Asia Pacific Technology Analysis
    • Solventborne
    • Waterborne
    • High solids/radiation cures
    • Powder
    • Others (Including hybrid technology, etc.)
  • Coating Resins Market – Asia Pacific End-user Analysis
    • Building & construction
    • Automotive
    • Marine
    • Electronics
    • Furniture
    • Others (Including aerospace, etc.)
  • Coating Resins Market – Asia Pacific Country Analysis
    • China
    • India
    • Indonesia
    • Malaysia
    • Singapore
    • Thailand
    • Vietnam
    • Rest of Asia Pacific


Chapter 1 Preface
Report Description
Research Scope
Assumptions
Market Segmentation
Research Methodology

Chapter 2 Executive Summary
Asia Pacific Coating Resins Market, 2014 - 2023, (Kilo Tons) (US$ Mn)
Coating Resins: Market Snapshot 

Chapter 3 Coating Resins Market – Industry Analysis
Introduction
Value Chain Analysis
Market Drivers
Driver 1 – Growth in Building & Construction Market in Asia Pacific to Propel Demand for Coating Resins
Driver 2 – Expansion of Automotive Industry in Asia Pacific to Boost Coating Resins Market
Restraints
Restraint 1 – Volatility in Prices of Raw Materials Expected to Dampen Growth of Asia Pacific Coating Resins Market
Restraint 2 – Strict Governmental Regulations in Asia Pacific to Hamper Market Growth
Opportunity
Opportunity 1 – Vietnam Expected to Create Lucrative Market Opportunities for Coating Resins
Porter’s Five Forces Analysis
Bargaining Power of Suppliers
Bargaining Power of Buyers
Threat of New Entrants
Threat of Substitutes
Degree of Competition
Coating Resins: Market Attractiveness Analysis
Coating Resins: Company Market Share Analysis, 2014

Chapter 4 Raw Material and Price Trend Analysis
Raw Material Analysis – Manufacturing/Extraction Process
Raw Material Price Trends, 2014 – 2023 (US$/Ton)
Coating Resins Price Trends, 2014 – 2023 (US$/Ton)

Chapter 5 Market Segmentation – Technology Analysis
Asia Pacific Coating Resins Market – Technology Analysis
Asia Pacific Solventborne Coating Resins Market 
Asia Pacific High Solids/Radiation Cured Coating Resins Market 
Asia Pacific Powder Coating Resins Market 
Asia Pacific Other Coating Resins Market 

Chapter 6 Market Segmentation – Product Segment Analysis
Asia Pacific Coating Resins Market – Product Segment Analysis
Asia Pacific Acrylic Coating Resins Market 
Asia Pacific Alkyd Coating Resins Market 
Asia Pacific Epoxy Coating Resins Market 
Asia Pacific Unsaturated Polyester Coating Resins Market 
Asia Pacific Urethane Coating Resins Market 
Asia Pacific Others Coating Resins Market 

Chapter 7 Market Segmentation – End-user Analysis
Asia Pacific Coating Resins Market – End-user Analysis
Asia Pacific Coating Resins Market for Building & Construction
Asia Pacific Coating Resins Market for Automotive
Asia Pacific Coating Resins Market for Marine
Asia Pacific Coating Resins Market for Electronics
Asia Pacific Coating Resins Market for Furniture
Asia Pacific Coating Resins Market for Others

Chapter 8 Market Segmentation – Country Analysis
Asia Pacific Coating Resins – Market Snapshot
China Coating Resins Market – Technology Analysis
China Coating Resins Market – Product Segment Analysis
China Coating Resins Market – End-user Analysis
India Coating Resins Market – Technology Analysis
India Coating Resins Market – Product Segment Analysis
India Coating Resins Market – End-user Analysis
Indonesia Coating Resins Market – Technology Analysis
Indonesia Coating Resins Market – Product Segment Analysis
Indonesia Coating Resins Market – End-user Analysis
Malaysia Coating Resins Market – Technology Analysis
Malaysia Coating Resins Market – Product Segment Analysis
Malaysia Coating Resins Market – End-user Analysis
Singapore Coating Resins Market – Technology Analysis
Singapore Coating Resins Market – Product Segment Analysis
Singapore Coating Resins Market – End-user Analysis
Thailand Coating Resins Market – Technology Analysis
Thailand Coating Resins Market – Product Segment Analysis
Thailand Coating Resins Market – End-user Analysis
Vietnam Coating Resins Market – Technology Analysis
Vietnam Coating Resins Market – Product Segment Analysis
Vietnam Coating Resins Market – End-user Analysis
Rest of Asia Pacific Coating Resins Market – Technology Analysis
Rest of Asia Pacific Coating Resins Market – Product Segment Analysis
Rest of Asia Pacific Coating Resins Market – End-user Analysis

Chapter 9 Company Profiles
Akzo Nobel N.V.
Arkema S.A.
Allnex Belgium SA/NV
BASF SE
DIC Corporation
Eternal Resin Co. Ltd.
Evonik Industries 
Nuplex Industries Ltd.
PT. Citra Resins Industries
PT. Diachem Resins Indonesia
Royal DSM N.V.
Royal Chemie Indonesia Tbk
Worldwide Resins & Chemicals Sdn Bhd
PT. Inawan Chemtex Sukses Abadi

Chapter 10 Primary Research – Key Findings

 

Coating resins are polymeric compounds incorporated as key components during the manufacture of paints and coatings. These resins provide a finished and protective appearance to the substrate to be coated. Major raw materials required to manufacture coating resins include epichlorohydrin, bisphenol-A, maleic anhydride, phthalic anhydride, acrylates, and polyols. Production of coating resins involves processing hard polymer resins into granulated form. These are further used as emulsions, solutions, and suspensions. These polymerized solutions of coating resins are stabilized using suitable binders, initiators, and surfactants.

Different types of coating resins are available in Asia Pacific. Acrylics, alkyds, epoxies, unsaturated polyesters, and urethanes are the major product segments of the coating resins market in the region. Acrylics was the largest product segment in Asia Pacific and accounted for a share of over 25% of the coating resins market in 2014. Acrylics are manufactured by polymerization of acrylate monomers such as methyl methacrylate with small quantities of surfactants and initiators. Alkyds was the second-largest product segment of the coating resins market in Asia Pacific in 2014. These resins are derived from polyols and are generally used in the processing of oil-based coatings, especially for decorative use. However, urethanes is anticipated to be the fastest growing product segment of the coating resins market in Asia Pacific between 2015 and 2023. Urethanes are generally used to improve the aesthetic characteristics of finished coatings, thereby providing a protective finish to the base substrate.

Coating resins are formulated using various processing technologies. The coating resins market in Asia Pacific has been segmented on the basis of technology into solventborne, waterborne, high solids/radiation cured, and powder. Solventborne was the largest technology segment of the coating resins market in Asia Pacific in 2014. This segment accounted for over 35% of the market in the region in 2014. Waterborne was the second-largest technology segment of the coating resin market in Asia Pacific in 2014. This segment is likely to capture a greater chunk of the market in the region by 2023, owing to growing environmental issues regarding the use of solvents. Moreover, it is expected to be the fastest growing segment in Asia Pacific during the forecast period.

Major end-users of the coating resins market in Asia Pacific include building & construction, automotive, marine, electronics, and furniture. Building & construction was the largest end-user segment, accounting for a share of over 35% of the coating resins market in the region in 2014. This segment is anticipated to continue to be the largest consumer of coating resins by 2023. Coating resins are used in the building & construction industry for decorative, protective, and exterior architectural coatings. Automotive was the second-largest end-user segment of the coating resins market in Asia Pacific in 2014. Coating resins are used in automotive industry for primer, clear coat, and base coat applications. However, marine is estimated to be the fastest growing end-user segment of the coating resins market in Asia Pacific by the end of 2023.

Rise in building and construction activities in different parts of Asia Pacific is anticipated to be the major driver of the coating resins market in the next few years. Increasing population, rise in per capita income of consumers, and rapid urbanization are the key factors impacting the building & construction industry in Asia Pacific. Thus, demand for advanced construction materials, especially coating resins, is anticipated to increase by the end of the forecast period.

In terms of volume, China held the largest share of the coating resins market in Asia Pacific in 2014, followed by India and Indonesia. China is anticipated to be the leading market due to rapid development in the building & construction and automotive end-user industries. However, Vietnam and India are likely to be the emerging markets for coating resins by the end of 2023.

Key manufacturers of coating resins in Asia Pacific include Allnex Belgium SA/NV, Royal DSM N.V., Nuplex Industries Ltd., DIC Corporation, BASF SE, Evonik Industries AG, Arkema S.A., and Eternal Resin Co. Ltd.

 

asia-pacific-coating-resins-market

 


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